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LifeLock Slides As Founder Todd Davis Resigns As CEO

LifeLock Inc. shares fell in Wednesday's extended session after the identity theft protection company announced that founder Todd Davis resigned as chief executive and released preliminary 2015 corporate results. Davis will be succeeded by Hilary Schneider, president of LifeLock, on March 1. LifeLock also said its 2015 adjusted earnings per share are likely to come in between 62 cents to 63 cents while revenue is projected in a range of $586 million to $587 million. Analysts surveyed by FactSet had forecast 2015 EPS of 62 cents and revenue of $585.6 million. Shares of LifeLock were down 3.1% in after hours trading.